Crypto Exchange Kraken is considering an initial public offer (IPO) in the first quarter of 2026, as the company believes that the regulatory environment in the United States has been sufficiently changed to make a public list viable, Bloomberg reported, citing people who are familiar with the case.

Like many other companies and leaders in the Digital Assets industry, the exchange was once at the intersection of Securities and Exchange Commission (SEC) during the Biden administration. However, the regulator has been in a full-scale trial in the first months of the Trump administration. SEC said in March that it was planning to drop its suit against Kraken.

“We will pursue public markets as it makes sense to our customers, our partners and shareholders,” Kraken said in response to a request for comments from Bloomberg. The Kraken first intended to publish in 2022.

A number of crypto companies are planning IPOs for the coming year and 2026. Circle, the company behind USDC StableCoin, is said to work on a list, like Crypto Exchange Bullish, the parent company in Coindesk.